By buying a long $100,000 futures contract for 115, you agree to pay ________.
A) $100,000 for $115,000 face value bonds
B) $115,000 for $100,000 face value bonds
C) $86956 for $100,000 face value bonds
D) $86956 for $115,000 face value bonds
Correct Answer:
Verified
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A)
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